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Motor
ICA declares NSW hailstorm a significant event - 6021 of 7552 claims motor related
May 29 2023
The destructive hailstorm occurred on Friday 26th May in the Hunter and Central Coast regions of New South Wales.
China's motor insurance market heats up as EV manufacturers enter the fray
May 18 2023
Earlier in May, BYD received regulatory approval to purchase Yi’an P&C. Now XPENG has announced that its partnered with eight Chinese insurers.
Contrasting outlook for private and public insurers as Indian industry GDPI looks set to reach US$36.5 billion in two years: ICRA
May 18 2023
The analytics firm sees healthy growth driven by private insurers, while three PSU's are likely to need significant government support.
IAG's Firemark Ventures invests in deep-learning vehicle inspection specialist Ravin AI
May 11 2023
The investment will allow IAG to explore potential benefits of the solution across IAG's brands.
Independent review of Australia's motor repair code of conduct: Dr Schaper recommends removal of those who do not comply
May 11 2023
Dr Shaper made 15 recommendations to update the MVIRI code, in line with current technology and regulatory changes.
BYD to acquire Yi'an P&C, become first automaker to own insurance firm in China
May 10 2023
As the world's largest EV manufacturer, BYD has access to data that motor insurers can only dream of.
RACQ Chief hints that insurer could leave Queensland's CTP scheme if more equitable approach is not adopted
May 8 2023
David Carter called for a premium equalisation system, which would debit insurers with better than average risk and credits insurers with below-average risk.
Reliance General and Gallagher ink deal to cover 300,000 delivery drivers across India
May 3 2023
The deal will see insurance coverage provided to the delivery partners of Swiggy, an on-demand delivery platform.
Double-digit GWP growth for Korean Re thanks to new financial solutions product
May 3 2023
Despite large commercial and natural disaster losses, strong results achieved thanks to new coinsurance product along with global market hardening.
Hong Kong Motor Insurers set for July launch of first cross-boundary insurance products
May 2 2023
The 'Unilateral Recognition' products cover Hong Kong and Mainland China.
PERILS updates loss estimate for October Southeast Australian floods to AU$907 million
April 28 2023
Personal property lines comprise 65% of the loss, followed by commercial property (25%) and then motor (10%).
Igloo and Circle K partner to expand insurance accessibility in Southeast Asia
April 27 2023
For the first time in Asia, convenience stores will sell non-life insurance - beginning with motor insurance in Vietnam
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